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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2017-092 RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A PURCHASE AND SALE AGREEMENT WITH DAVID LANGON CONSTRUCTION, INC. FOR SALE OF THE SUCCESSOR AGENCY -OWNED PROPERTY AT 1595 WASHINGTON AVENUE (APN: 075-0005-011-01) AND 268 PARROTT STREET (APN: 075-0005-012-00) FOR A PRICE OF $1,150,000. WHEREAS, on February 1, 2012, the Redevelopment Agency of the City of San Leandro was dissolved pursuant to Assembly Bill x1 26; and WHEREAS, on February 1, 2012, the City of San Leandro became the Successor Agency to the Redevelopment Agency ("Successor Agency"); and WHEREAS, pursuant to Health and Safety Code Section 34191.5(c), property shall not be transferred to a successor agency, city, county or city and county, unless the Long Range Property Management Plan has been approved by the Oversight Board to the Successor Agency (the "Oversight Board") and the Department of Finance; and WHEREAS, the Long Range Property Management Plan was approved by the Oversight Board on November 5, 2015 and by the California Department of Finance on December 30, 2015; and WHEREAS, the Long Range Property Management Plan establishes a plan for transferring or selling the real property assets that were owned by the former Redevelopment Agency; WHEREAS, the Successor Agency is the owner of certain real properties with addresses of 1595 Washington Avenue, San Leandro, CA, also known as Alameda County Parcel Number (APN: 075-0005-011-01) (the "Properties") and 268 Parrott Street, San Leandro, CA, also known as Alameda County Parcel Number (APN: 075-0005-012-00) (the "Properties"); WHEREAS, the Properties are included as "for sale" properties in the Long Range Property Management Plan prepared by the Successor Agency and approved by the California Department of Finance; WHEREAS, the Successor Agency previously issued a public request for proposals for the purchase and development of the Properties; WHEREAS, David Langon Construction, Inc. submitted a proposal to the Successor Agency offering to pay the Successor Agency One Million One -Hundred Fifty Thousand Dollars ($1,150,000) for the Properties ("Purchase Price"); WHEREAS, Successor Agency staff has determined that David Langon Construction, Inc. possesses the resources and experience necessary to complete a successful development at the Properties consistent with the Long Range Property Management Plan; RESOLUTION NO. 2017-092